Golden Deeps (ASX:GED) launches development study for Namibian projects – The Market Herald

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  • Golden Deeps (GED) launches a major development study for its Abenab and Nosib battery metals projects in Namibia
  • The study will establish the viability of mining vanadium with copper, lead, zinc and silver ore from the Abenab and Nosib resource areas to produce a high-grade concentrate
  • The concentrate will then be processed to produce high-value vanadium and base metal by-products for the renewable energy and battery industries
  • This work will include a scoping study and subsequent pre-feasibility study with the overall aim of growing Golden Deeps’ resource base and expanding production from a centralized processing operation
  • Company shares are steady and are trading at 1.4 cents at 12:20 pm AEST

Golden Deeps (GED) has launched a major development study for its Abenab and Nosib battery metals projects in Namibia.

The study will assess the potential of mining vanadium with copper, lead, zinc and silver ore from the Abenab underground resource and a maiden Nosib open-pit resource to produce gravity focus onsite.

The high-grade concentrate will then be downstream processed at a separate facility to produce vanadium products for vanadium redox flow batteries (VRFBs) as well as copper, lead, zinc and silver by-products.

Golden Deeps appointed South Africa-based Bara Consulting to carry out the first stage, which is a scoping study.

The scoping study will integrate resource estimation with metallurgical testwork and initial mining studies to provide mining, infrastructure and processing conceptual design and cost inputs for the next stage.

Stage two will be a pre-feasibility study (PFS) that will generate a fully integrated mining plan to be incorporated with cost information, infrastructure and processing designs, to produce the PFS cashflow model.

The PFS will aim to establish the value and viability of developing a high-grade operation and support a definitive feasibility study and mining lease applications.

Golden Deeps CEO Jon Dugdale said the company is “very excited” to get the study underway.

“We see this as just the start of our integrated development strategy, that, by establishing mining and processing operations in parallel with an aggressive exploration program, will grow our resource base and allow us to expand production from a centralized processing operation,” Mr Dugdale said.

Company shares were steady to trade at 1.4 cents at 12:20 pm AEST.